August 9, 2019

Iran to dispatch trade delegation to Austria in early-Oct.

TEHRAN- Iran’s Trade Promotion Organization (TPO) in collaboration with Iran-Austria Joint Chamber of Commerce plan to dispatch a trade and marketing delegation to Austria in early-October, the portal of Iran Chamber of Commerce, Industries, Mines and ...
August 9, 2019

TSE value of trades rises 25% in a week

TEHRAN- The value of trades at Tehran Stock Exchange (TSE) stood at 50.324 trillion rials (about $1.198 billion) during the past Iranian calendar week (ended on Friday) increasing 25 percent from 42.46 trillion rials (about $1.01 billion) worth of trad...
August 8, 2019

‘Iran capable of exporting $25b of technical, engineering services’

TEHRAN- Iran has the potential and capability to export technical and engineering services worth $25 billion in a year, a member of the Association of Iranian Exporters of Technical and Engineering Services told Mehr news agency in a press conference o...
August 7, 2019

‘NIOC still negotiating South Pars phase 11 project with CNPC’

TEHRAN - Managing Director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said National Iranian Oil Company (NIOC) is still in talks with China’s CNPC regarding the phase 11 project of developing South Pars gas filed, ILNA reported.
August 7, 2019

Petrochemical industry not affected by sanctions: PGPIC

TEHRAN –Managing Director of Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) said U.S. sanctions haven’t had a significant impact on the country’s petrochemical sector.
August 7, 2019

U.S. sanctions on Iran’s oil industry hurting India: envoy

TEHRAN - Indian Ambassador to the U.S. Harsh Vardhan Shringla said the U.S. decision on ending waivers for the purchase of Iranian oil is hurting India's economy, Sputnik reported.
August 7, 2019

Domestic manufacturers to supply RAI with rails, wagons

TEHRAN - Head of Islamic Republic of Iran Railways (known as RAI) said domestic manufacturers are set to supply over 1000 locomotives and wagons and also 40,000 tons of rails to RAI by the end of the next Iranian calendar year (March 20, 2021), IRIB re...
August 7, 2019

Launching integrated forex market postponed

TEHRAN – Central Bank of Iran (CBI) has postponed launching the integrated forex market which was due to start operation by mid-August, Tasnim news agency reported.
August 6, 2019

Exploration operations begin on 300,000 sq.m of lands: IMIDRO head

TEHRAN- Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that exploration operations have been started in 300,000 square meters of lands, IRIB reported.
August 6, 2019

Tehran hosting 2 international exhibitions

TEHRAN - The 28th International Exhibition of Home Furniture (HOMEX 2019) and the second International Exhibition of Paper, Cardboards, Cellulose Products, and Related Machinery (PCCM 2019) became operational at the Tehran Permanent International Fairg...
August 6, 2019

Over $47m paid for agricultural mechanization since March

TEHRAN – The head of Iran’s Agricultural Mechanization Development Center said since the beginning of the current Iranian calendar year (March 21) the government has funded two trillion rials (about $47.6 million) of the allocated budget for agricultur...
August 6, 2019

40 major gas industry projects to be inaugurated by March 2020

TEHRAN – Managing director of National Iranian Gas Company (NIGC) said 40 major projects in the country’s gas industry are due to be inaugurated by the end of the current Iranian calendar year (March 21, 2020), IRNA reported.
August 6, 2019

Industry ministry offering special incentives to foreign investors

TEHRAN – Iranian Minister of Industry, Mining and Trade has voiced the country’s readiness for providing special incentives for participation of foreign investors in the country’s various industrial and mining projects.
August 6, 2019

Tajikistan eyes accessing open waters through Iran

TEHRAN - Tajikistan's ambassador to Iran, Nizamuddin Zahedi, has called for using Iranian ports to access open waters in a meeting with Iranian Transport Minister Mohammad Eslami on Monday, the Iranian ministry’s portal announced.
August 5, 2019

NIOC to begin new exploration operations in northeastern Iran

TEHRAN - The director of National Iranian Oil Company (NIOC)'s Exploration Department said plans are underway for beginning new exploration operations in northeast of the country, Shana reported on Monday.
August 5, 2019

Govt. introduces new rules to regulate cryptocurrency market

TEHRAN - Iranian government has introduced new rules for regulation of cryptocurrency market as more people enter the market to access international currencies in the sanctions era.
August 5, 2019

Private sector invests over $269m in mining projects since last December

TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the country’s private sector has invested 11.3 trillion rials (about $269.04 million) in the mining sector since the last December, Mehr news age...
August 5, 2019

Private sector propelling economy during sanctions: industry min.

TEHRAN- Private sector is the main factor for domestic economy to grow during the sanctions time, Iranian Industry, Mining and Trade Minister Reza Rahmani stated.
August 5, 2019

Damascus Int. Fair to host large number of Iranian exhibitors

TEHRAN- Figures show that the 61st Damascus International Fair will witness wide-scale participation of Iranian firms, Mehr news agency reported.
August 5, 2019

Energy networks back to normal operation in earthquake-hit region

TEHRAN – Head of Iranian Energy Ministry’s Crisis Management Office, Meisam Jafarzadeh, said water and electricity networks are back in normal operation after an earthquake measuring 5.2 on Richter scale shook Choram Country in southwestern province of...